In September 2013, Mirvac committed to investing in a new sustainability strategy. We recognised that while there was great substance behind our sustainability work, we needed to unify our initiatives, clarify our approach and set some clear goals. The strategy we’ve developed and implemented in the past 12 months has done just that.
With a clear picture of the world we want to create, all we need to do is create it.
Susan Lloyd-Hurwitz Susan Lloyd-Hurwitz,Our office portfolio average
4.9 NABERS ENERGY RATING
shifts lost
to injuries or illnesses
on masterplanned COMMUNITIES SITES
This Changes Everything is Mirvac’s plan for a sustainable future. We have defined four focus areas and 19 material issues, and have already made commitments towards ten of these which are the focus of this financial year and this report.
People who work directly for Mirvac.
How we engage:People who live, work or play in and around our properties.
How we engage:People who visit our assets.
How we engage:Our retail centres attract millions of visitors each year, we engage in a wide range of ways including:
Those who have a financial investment in our business.
How we engage:Companies who provide goods, services and materials as part of our supply chain.
How we engage:Peer and partner businesses, industry and legislative bodies.
How we engage:People who buy, occupy and lease our assets.
How we engage:Residential customers:
Tenants:
office & industrial
-17.7%retail
-2.7%Reduce carbon intensity by 20%
of solar PV has been installed at 23 Furzer Street, Canberra.
Install 1MW renewable energy
NET POSITIVE
operation
39%construction
96%waste reycled
Recycle 75% of waste
ZERO
WASTE
Planning in progress for our first project.
Implement three closed loop recycling projects
0% prequalified, however systems are now in place that will allow us to prequalify suppliers on social and environmental sustainability criteria over FY15.
Prequalify 50% of the supply chain on their aligned sustainable practices
Complete Life Cycle Assessment for all new projects commencing after June 2014
3 employees have now completed Life Cycle Assessment training.
office & industrial
-7%retail
-6.6%Reduce potable water intensity by 15%
NET POSITIVE
non-potable water
2.6%increase water capture and recycling to 15%
Net positive means generating more water and energy than we consume, and finding ways to capture and reduce waste beyond that which we create. We have started to map a few options on how we can become Net Positive. The good news – it’s possible.
Equals 52MW of installed renewables
increase generation
Equals 39MW of installed renewables
24MW industrial
29MW retail
1MW renewables by 2018
2.65MW commercial
of potential renewables on existing assets
10MW of tri-gen on community buildings
21MW solar PV on 75% of shopping centres
solar PV on 7,000 homes
2MW wind
1MW renewables by 2018
883,012kLpotable
2.6%non-potable
750,560kLpotable
15%non-potable
Assuming 50% improvement in efficiency from FY14.
55%Rainwater tanks to While our strategy has broadened beyond NABERS and Green Star ratings, we’re continuing to measure the performance of our commercial buildings using these systems – after all, they remain important indicators for our business and industry.
Our office portfolio average
4.9
NABERS
ENERGY RATING
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NABERS
WATER RATING
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ENERGY RATING
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Interviews and focus groups are being conducted internally and externally with experts, customers and non-customers to gather insights into perceptions of place.
To hold the future of place summit
Work on the Index will commence FY15, in the meantime we continue to deliver initiatives to help to create sustainable lifestyles.
develop a sustainable lifestyle index for implementation
We are gathering knowledge through site visits to One Planet Living projects – two such visits to different projects have been completed. We also have an OPL Sustainability Integrator at Mirvac and plan to undertake a gap analysis of two projects this financial year.
Create a “one planet living” community
At Mirvac we understand that the design of a property will shape the way people use it – and it’s our goal to facilitate and support lifestyles that are as sustainable as possible.
Community gardens
are proving to be a
hugely successful addition to several of our developments.
people educated so far
(1.98% of 1 million).
Educate 1 million people about sustainability
We are currently exploring smart building management systems, and working to determine the features that could define a smart building.
Deliver our first smart building
One of the audacious targets we set as part of This Changes Everything was to educate 1 million people about sustainability. So how can we educate 1 million people?
We have developed a new online system that is being tested before it’s rolled out across the business in FY15. Training sessions are currently being held across the business.
Achieved one year early
Create a data capture system for measuring and monitoring community investment across the whole business
Internal interviews have been held to define the differentiators we intend to measure. Once these are decided, we will select several developments to use as case studies for measuring Social Return On Investment (SROI) and engage a partner to deliver.
Develop and utilise SROI Methodology for key projects
At Mirvac we define community investment as activities that enhance the health and wellbeing of the people in the areas where we operate. It can mean strengthening social inclusion, creating connections between people, and improving quality of life – whether it’s through an education initiative, a charity contribution or a fundraising event.
investment
$1,253,656
hours of support
4,761
value of staff time
$239,535
cash donations
$814,535
(+28% average electricity rate from FY12 to FY14 across the investment portfolio)
(+9% in NSW 2013-14)
As we look at the year ahead, there’s plenty of work to do. Across Mirvac, many goals have been set and plans made – all with the common goal of continuing to deliver our strategy and work towards the missions we’ve set.
Achieved: 
CUSTOMERS
EMPLOYEES
COMMUNITY
VISITORS
INVESTORS
SUPPLIERS
GOVERNMENT & INDUSTRY
